Knitting Mill Apartments

69 Alden St, Fall River, MA 02723

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	-

Call (508) 567-1120 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Knitting Mill Apartments is the conversion of a vacant historic knitting mill into 100 units of senior housing located at 69 Alden Street in the City of Fall River, MA.

This adaptive reuse project was funded through the MA Department of Housing and Community Development’s (DHCD) 9% Low Income Housing Tax Credits Program, Massachusetts (MA) Low Income Housing Tax Credits, MA HOME Funds, Housing Stabilization Funds (HSF), Housing Innovation funds (HIF), Affordable Housing Trust Funds AHTF Funds and City of Fall River HOME Funds as well as Federal and State Historic Tax Credits.

The affordability of the project was enhanced by DHCD awarding 8 units of MA Rental Voucher Program units and 8 units of Section 8.

The construction budget for the construction of the units was approximately $24 million and included the construction of a new senior center to be leased to the Fall River Council on Aging and a medical education center to be leased to Health First Family Care Centers

Dave's Thoughts On Knitting Mill Apartments

Because Knitting Mill Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Knitting Mill Apartments Amenities

Elevator
Fitness Center
Community Room
On-Site Manager
Off-Street Parking
Intercom System
Laundry Facility

Units at Knitting Mill Apartments

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price^†
2 Bedroom (2/1)	-	Call for Price^†

Income Qualification for Knitting Mill Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for LIHTC Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for LIHTC Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for LIHTC Units	$52,800 / year	$60,350 / year	$67,900 / year	$75,400 / year
50% AMI for LIHTC Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for LIHTC Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for LIHTC Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for LIHTC Units	$52,800 / year	$60,350 / year	$67,900 / year	$75,400 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for LIHTC Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for PBRA Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for PBRA Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for PBRA Units	$52,800 / year	$60,350 / year	$67,900 / year	$75,400 / year
50% AMI for PBRA Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for PBRA Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for PBRA Units	$34,900 / year	$39,850 / year	$44,850 / year	$49,800 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for PBRA Units	$52,800 / year	$60,350 / year	$67,900 / year	$75,400 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
50% AMI for PBRA Units	$41,450 / year	$47,350 / year	$53,250 / year	$59,150 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year
60% AMI for LIHTC Units	$41,880 / year	$47,820 / year	$53,820 / year	$59,760 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$49,740 / year	$56,820 / year	$63,900 / year	$70,980 / year
60% AMI for LIHTC Units	$41,880 / year	$47,820 / year	$53,820 / year	$59,760 / year
60% AMI for LIHTC Units	$49,740 / year	$56,820 / year	$63,900 / year	$70,980 / year
60% AMI for LIHTC Units	$63,360 / year	$72,420 / year	$81,480 / year	$90,480 / year
60% AMI for LIHTC Units	$41,880 / year	$47,820 / year	$53,820 / year	$59,760 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$41,880 / year	$47,820 / year	$53,820 / year	$59,760 / year
60% AMI for LIHTC Units	$49,740 / year	$56,820 / year	$63,900 / year	$70,980 / year
60% AMI for LIHTC Units	$41,880 / year	$47,820 / year	$53,820 / year	$59,760 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$49,740 / year	$56,820 / year	$63,900 / year	$70,980 / year
60% AMI for LIHTC Units	$63,360 / year	$72,420 / year	$81,480 / year	$90,480 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year
60% AMI for LIHTC Units	$49,740 / year	$56,820 / year	$63,900 / year	$70,980 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Knitting Mill Apartments

Does Knitting Mill Apartments have a waiting list?

Knitting Mill Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Knitting Mill Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Knitting Mill Apartments?

Knitting Mill Apartments is managed by CRM Rental Management, Inc. headquartered in Rome, NY.

In addition to Knitting Mill Apartments, how many other affordable housing properties (and units) are there in Fall River?

In addition to Knitting Mill Apartments, we list 69 other affordable properties in Fall River. Learn about these properties here. Our data research shows that there are a total of 3664 affordable units in Fall River.

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